Libraler/Libertärer und pro-kapitalistischer Blog, umbenannt als Homage an "This time is different". Schreiblage: Von locker über ernst, ironisch bis sarkastisch und manchmal nur noch makaber. Ab Dez 2017 auch 'The next money will be different' integriert
If my calculations are right (see: http://fdominicus.blogspot.de/2012/05/ist-blodheit-ansteckend.html) then Spain has to get new debt of 33 -¢ for every Euro they spend. New debts (officiall numbers) around 34 billions. Now they have to offer 6.5 % for new money. How “unfair”
Extra implicit debt of the USA 200 trillions. That seems to get a tough one
In short the race is almost run. Currently leading Greece, Spain, Italy. But the followers are not that far of. And what do we get from our politicians? “Everything’s under contro” and yet (strange enough) the new suggestions for “solving” the problems are following in a minutes distance. Could it be that “panic” time is starting? All the suggestions just complete the mess. More power, more debt and more regulation. That’s all there is, be it in Euro Land. USA or China. Just see some newspapers or probably better blogs….
As expected and wished for Hollande has won. The good thing having a socialist is that we’re faster through it all. That’s all there is to write.
France will now try to get the EZB printing more money, financing programs for the unemployment and whatever. The result will be as one can expect. We’ll see more poverty more
unemployed and even more debts. In the end the system will break down as von Mises has told up. Nothing can stop a credit expansion to stop. It’s sonner or later the later the bigger the devastation. France will surely have moor poors and you can bet the functionaries will be fat.
Now if you followed this blog you will know what I expect. Now with a socialist at the top we’ll see even more dangerous engagement in markets. So the race to the bottom is accelerating.